Earnings (Loss) Per Share

3 Months Ended

Dec. 31, 2021

EARNINGS (LOSS) PER SHARE:

Basic earnings (loss) per share is computed using the weighted average number of common shares outstanding during the periods presented. Diluted earnings (loss) per share is computed using the weighted average number of common shares outstanding adjusted to include the potentially dilutive effect of stock awards.

The following table sets forth the computation of basic and diluted earnings (loss) per share attributable to the Company's stockholders (in thousands, except per share data):


	Three Months Ended
	December 31, 2021		January 1, 2021
Earnings (Loss):
Net income (loss) attributable to Aramark stockholders	$	42,611	$	(81,243)
Shares:
Basic weighted-average shares outstanding	256,470		253,668
Effect of dilutive securities(1)	1,575		—
Diluted weighted-average shares outstanding	258,045		253,668

Basic Earnings (Loss) Per Share:
Net income (loss) attributable to Aramark stockholders	$	0.17	$	(0.32)
Diluted Earnings (Loss) Per Share:
Net income (loss) attributable to Aramark stockholders	$	0.17	$	(0.32)


(1)			Incremental shares of 1.9 million have been excluded from the computation of diluted weighted-average shares outstanding for the three months ended January 1, 2021 because the effect would have been antidilutive due to the net loss attributable to Aramark stockholders during the period.

Share-based awards to purchase 9.5 million and 13.4 million shares were outstanding for the three months ended December 31, 2021 and January 1, 2021, respectively, but were not included in the computation of diluted earnings (loss) per common share, as their effect would have been antidilutive. In addition, PSUs related to 1.0 million and 1.1 million shares were outstanding for the three months ended December 31, 2021 and January 1, 2021, respectively, but were not included in the computation of diluted earnings (loss) per common share, as the performance targets were not yet met.